In the face of this new workforce gaining prominence, organisations would need to pace up their adoption of HR technology Workforce 4.0 has become a very frequently used phrase today. One of the most important factors leading to this transforming reality is the gaining prominence of Gig economy across the globe.
Have you ever seen how payroll gets manually managed in a company? There is always these 2-3 hapless, doleful looking payroll personnel who are constantly chased by the HR team, by the finance/accounts team to check data accuracy and by the employees who have salary-related queries. To see their faces light up – when they come on to a cloud-based payroll solution that literally halves their time spent is a sight worth seeing.
When you have thousands of employees geographically spread across hundreds of kilometers in the country, a single consolidated view of all employee data can seem utopian. Unless organizations are willing to be left behind, they will have make a decision to find the best HR solution that makes the most sense, for its business evolution as well as its people.
Major multi-national companies are heading towards an age of rapid transformation in the business world. Organizations are going through both organic (growth through mergers and acquisitions) and inorganic (expansion of the product line, increasing the customer base and increasing the overall production) growth. Even though growth through inorganic means is relatively lower as compared to organic growth, both contribute to creation of an ecosystem of business organizations that surpasses international boundaries and social strata.
As we move into the era of a more connected and integrated world, we not only have to be closer to the customer, we have to be almost flawless and effortless in providing peoples’ services. And any organisation that decides to take this journey, must consider two prerequisites that are absolutely essential to kick start First, is your people services function, delivering well- integrated continuous experience!
Nothing we do is more important than hiring and developing people. At the end of the day, you bet on people, not on strategies. Persistence and determination are not executed by the plan; they are executed by people. Effective recruitment of such people is critical to growing a prosperous business. An effective recruitment strategy is to plan and execute hiring with minimal input and maximum output.